Panama City, FL Homes for Sale under $200,000

• 

  

  

  /4

  $47,000

  • Land
  • 10,890 Sq Ft
  • $188,000 per Acre

  4906 Christy Ln, Panama City, FL 32404

  Large residential lot in Cedar Branch on a cul-de-sac. Convenient location within walking distance to Tommy Smith Elementary and Merritt Brown Middle School. Perfect lot for you to build your new home!

  Jessie Pate Counts Real Estate Group Inc

  4906 Christy Ln, Panama City, FL 32404
• 

  

  

  /28

  $140,000

  • 4 Beds
  • 3 Baths
  • 1,776 Sq Ft

  3110 B St, Panama City, FL 32404

  Spacious 4 bedroom, 3 bath home with an open floor plan sitting on a huge corner lot just over 3/4 of an acre. Located only about 20 minutes from Panama City Beach, you get the perfect mix of space and convenience. Enjoy a fully covered front porch, privacy trees lining the front of the property, and a partially fenced yard with plenty of room to spread out. Out back you'll find a 20x20 shed for

  Kelly Flanagan Keller Williams Success Realty

  3110 B St, Panama City, FL 32404
• 

  

  

  /3

  $190,000

  New Construction $20K PRICE INCREASE

  • 2 Beds
  • 2 Baths
  • 933 Sq Ft

  1116 Mercedes Ave Unit C, Panama City, FL 32401

  Step inside this brand-new townhome at 1116 Mercedes Ave in Panama City and enjoy modern living just minutes from the coast. Offering nearly 1,000 square feet of thoughtfully designed space, this home features a bright living and dining area, a contemporary kitchen, two bedrooms, two full bathrooms, and a convenient laundry area. A private driveway provides dedicated parking, and the fresh

  JAMIE KITZMILLER Think Real Estate

  1116 Mercedes Ave Unit C, Panama City, FL 32401
• 

  

  

  /8

  $200,000

  $75K PRICE DROP

  • 4 Beds
  • 2 Baths
  • 1,634 Sq Ft

  708 S Highway 22 A Unit A & B, Panama City, FL 32404

  Turnkey Rental Opportunity with huge upside potential! With Rents below market, and a price that you can't beat for a Duplex, this offers the flexibility of a new stay for your first investment or a simple add to your portfolio. Grossing $1,800 per month, $21,480 Annual Gross Income

  Jacob Hutchins CENTURY 21 Commander Realty

  708 S Highway 22 A Unit A & B, Panama City, FL 32404
• 

  

  

  /13

  $59,900

  $15K PRICE DROP

  • Land
  • 1.6 Acres
  • $37,438 per Acre

  1916 Sherman Ave, Panama City, FL 32405

  Counter Revolution represents a rare offering: a seasoned trade business with established supplier networks, heavy inventory value, and a physical footprint ready for continued operations. This Turnkey opportunity includes a fully equipped operation with over $240,000 worth of inventory, tools, and materials, offering immediate value and revenue producing potential. Positioned on 1.6 Acres at

  Jacob Hutchins CENTURY 21 Commander Realty

  1916 Sherman Ave, Panama City, FL 32405
• 

  

  /18

  $170,000

  • 1 Bed
  • 1 Bath
  • 540 Sq Ft

  5505 Sun Harbor Rd Unit 217, Panama City, FL 32401

  SHORT TERM RENTALS ALLOWED!! Waterfront living at an amazing price. This 2nd floor condo offers breathtaking views of the bay, with direct access to the gulf. Spend your days boating or relaxing in the pool, treat yourself to delicious meals at the new restaurant coming soon and enjoy the serenity of the water view and the beauty of the sunset every evening from your balcony. This unit has a new

  Jessica Kittley World Impact Real Estate

  5505 Sun Harbor Rd Unit 217, Panama City, FL 32401
• 

  

  /6

  $79,950

  • Land
  • 6,098 Sq Ft
  • $571,071 per Acre

  510 Satsuma Ave, Panama City, FL 32401

  Prime vacant lot at 510 Satsuma Ave in Panama City, just steps from Watson Bayou Marina and minutes to historic downtown. Enjoy boating, dining, and local shops nearby with quick access to St. Andrews Bay and the Gulf. Perfect for building your dream home or investment property in a growing waterfront community.

  The Warren Group Christies International Real Estate Emerald Coast

  510 Satsuma Ave, Panama City, FL 32401
• 

  

  /35

  $192,000

  • 2 Beds
  • 1 Bath
  • 711 Sq Ft

  1708 Molitor Ave, Panama City, FL 32401

  Welcome to 1708 Molitor Avenue, a charming home nestled in the heart of Panama City just minutes from the sparkling waters of St. Andrews Bay. This cozy 2-bedroom, 1-bath residence offers the perfect blend of comfort, character, and convenience, making it an ideal opportunity for first-time homebuyers, investors, or anyone seeking an affordable coastal lifestyle. Situated on an oversized lot with

  Daniel Hagen LPT Realty LLC

  1708 Molitor Ave, Panama City, FL 32401
• 

  

  /18

  $60,000

  $15K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 752 Sq Ft

  2141 W 29th Ct, Panama City, FL 32405

  MOTIVATED SELLER, willing to entertain all offers. 2 bedroom, 1 bath single-wide mobile home located in the center of town just off Frankford Avenue between Kings Point and SweetBay. This location puts you close to everyday conveniences with quick access to grocery stores, shopping, schools, and medical facilities throughout Panama City. Just minutes from downtown Panama City and a short drive

  Bubba McCants EXP Realty LLC

  2141 W 29th Ct, Panama City, FL 32405
• 

  

  /24

  $180,000

  • 2 Beds
  • 1.5 Baths
  • 1,204 Sq Ft

  6519 Pridgen St, Panama City, FL 32404

  Charming Townhome with Private Yard Near Tyndall AFB! Welcome home to this beautifully maintained 2-bedroom, 1.5-bath townhome offering comfort, convenience, and excellent value. Ideally located near shopping, dining, schools, and Tyndall Air Force Base, this property is perfect for a starter home, downsizing opportunity, or investment property.Inside, you'll find a bright and inviting layout

  Eva Mullins Coldwell Banker Realty

  6519 Pridgen St, Panama City, FL 32404
• 

  

  /18

  $179,000

  $21K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 580 Sq Ft

  6909 N Lagoon Dr Unit F3, Panama City, FL 32408

  Bright ground-floor 1BR/1BA in the gated, waterfront community of Dockside North on Grand Lagoon. Community boat dock and slips!! This unit offers direct access to the pool from a spacious private patio and includes designated parking right in front. The kitchen is ready for a new owner's vision--quartz countertops are already onsite, cabinets can be selected, and it's an ideal opportunity to

  Cindy Hamre Coastal Choice Realty LLC

  6909 N Lagoon Dr Unit F3, Panama City, FL 32408
• 

  

  /26

  $177,000

  • Land
  • 8,712 Sq Ft
  • $885,000 per Acre

  5418 Hopetown Ln, Panama City, FL 32408

  Build your dream home in Martinique, a gated community known for its natural beauty, upscale amenities, and Old Florida charm. This golf cart-friendly neighborhood offers walking trails, freshwater lakes, an island-style pool with bathrooms, a gazebo, basketball court, playground, and regular community events planned to bring neighbors together. Thoughtfully designed to blend refined architecture

  Laina Dillman Lifes A Beach Real Estate, LLC

  5418 Hopetown Ln, Panama City, FL 32408
• 

  /2

  $15,000

  • Land
  • 2.1 Acres
  • $7,143 per Acre

  0 24 4s 13w, Panama City, FL 32404

  Vacant land opportunity in Bay County, Florida—Parcel ID 07396-016-110 is an undeveloped lot located near CR 2297 in Panama City. This parcel offers a blank canvas for future investment or land banking, with no utilities currently in place and no documented easement for access. Surrounded by natural Florida landscape in an unincorporated area, it presents long-term potential for development

  Chris Connor Waves & Woods Realty, LLC

  0 24 4s 13w, Panama City, FL 32404
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  /21

  $180,000

  $5K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 750 Sq Ft

  2100 W Beach Dr Unit B202, Panama City, FL 32401

  Relax and enjoy your quiet courtyard view from this second floor one bedroom condo in the Waterfront community of Landmark Condominiums. Updates include a fully remodeled bathroom with walk in shower, kitchen cabinets, countertops and appliances. Fully furnished and move in ready! Experience easy living with access to two pools, a dock, private beach, fitness room and clubhouse with a pavilion.

  Savannah Hamilton Paradise Properties of NW Florida

  2100 W Beach Dr Unit B202, Panama City, FL 32401
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  /36

  $147,000

  $3K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 400 Sq Ft

  4114 Holiday Dr Unit 18, Panama City, FL 32408

  Discover one of the best beachside values in Panama City Beach—a rental-ready studio just steps from the sand. Located in Sand Castle Villas, this beautifully maintained and fully furnished studio condo is truly turnkey and ready to generate income from day one. With custom built-in loft beds, a luxury main sleeping area, and a smart, space-efficient layout, making it especially attractive for

  Cindy Shoemaker Christies International Real Estate Emerald Coast

  4114 Holiday Dr Unit 18, Panama City, FL 32408
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  /14

  $175,000

  New Construction $40K PRICE DROP

  • 3 Beds
  • 2 Baths
  • 902 Sq Ft

  3207 E 2nd Place, Panama City, FL 32401

  🔥 FINAL OPPORTUNITY - BUILDER CLOSEOUT PRICING 🔥 One of the last remaining units from a successful 8-unit new construction project -- originally used as the showcase/showroom home for the development. After all the other units were sold, the builder has now repositioned this final opportunity to an extremely competitive price: only $178,000. This brand-new home offers exceptional

  Patricia Rodrigues Alves CostaBella Real Estate, LLC

  3207 E 2nd Place, Panama City, FL 32401
• 

  

  /5

  $23,100

  • Land
  • 32,670 Sq Ft
  • $30,800 per Acre

  25 4s 13w -1 1000-, Panama City, FL 32404

  Approximately 0.747-acre vacant parcel (Parcel ID 07399-329-000) located in the Sandy Creek area. This wooded lot is part of the ±/- 21-acre package referenced in MLS #784297 and is being offered individually as a potential separate lot sale. The property is currently wooded and may require clearing. Well and septic will be needed. There is no dedicated road access at this time; however, the

  Heather Neubauer ERA Neubauer Real Estate Inc

  25 4s 13w -1 1000-, Panama City, FL 32404
• 

  /2

  $129,900

  • Land
  • 17,424 Sq Ft
  • $324,750 per Acre

  0000 Drummond Ave, P C Beach, FL 32401

  Great location for Business!! Convenient, centrally located and easily accessible. Two huge side be side lots just off 15th Street. Zoned Mixed use. The possibilities are endless. Wooded and not in a flood zone. Priced to sell quick!!

  Alicia Hartline CENTURY 21 Ryan Realty Inc

  0000 Drummond Ave, P C Beach, FL 32401
• 

  

  /3

  $125,000

  • Land
  • 5,227 Sq Ft
  • $1,041,667 per Acre

  5323 Hopetown Ln, Panama City, FL 32408

  Beautiful lot next to walking trail with common area behind property for serene living and relaxation. The gated community of Martinique is known for premier location to sandy white beaches and embracing the Florida lifestyle. You'll love this vibrant community with a pool, dock, basketball courts, trails, and playground.

  Lori Logue VCFL Realty LLC

  5323 Hopetown Ln, Panama City, FL 32408
• 

  

  /9

  $185,000

  • Land
  • 14,374 Sq Ft
  • $560,606 per Acre

  2316 Allison Ave, Panama City, FL 32408

  Vacant lot ready to build, septic tank removed/filled, elevated 6 inches above road with clay mix, power pole in place, city water meter present and operable. Close to the beach and attractions. Ideal location for your dream home! 'X' Flood Zone!

  Ivy Vonier Xcellence

  2316 Allison Ave, Panama City, FL 32408
• 

  

  /10

  $37,900

  $10K PRICE DROP

  • Land
  • 1.03 Acres
  • $36,796 per Acre

  00 Highway 2297, Panama City, FL 32404

  Peaceful 1+ Acre Lot in East Bay Point - A Hidden Gem Near Panama City!Discover the perfect balance of tranquility, natural beauty, and convenience with this spacious 1+ acre corner lot nestled in the heart of East Bay Point — a quiet, dog-friendly neighborhood just minutes from Panama City and the sparkling waters of East Bay.Surrounded by mature trees and abundant wildlife, this

  Melana Weems Realty Check Real Estate Services

  00 Highway 2297, Panama City, FL 32404
• 

  /2

  $199,000

  • Land
  • 9,583 Sq Ft
  • $904,545 per Acre

  0 Allison Ave, Panama City, FL 32408

  Located just 6/10 of a mile from the Gulf, this deep building lot has water and sewer available and is currently zoned R-2 for a duplex. Property is mostly cleared and sellers have already installed a 24'' culvert at the front of the property for drainage. Survey and elevation certificate available as well. Similar adjacent lot available if you want to build two. Motivated seller wants to see all

  Richard Gheesling AMERICAN REALTY of Bay Co, Inc

  0 Allison Ave, Panama City, FL 32408
• 

  

  /14

  $70,000

  $15K PRICE DROP

  • Land
  • 25,264 Sq Ft
  • $120,690 per Acre

  1040 Tidewater Ln, Panama City, FL 32404

  Build your dream home in this lovely waterfront gated community built around nature. This over half acre lot features incredible views and you can even see the Tyndall Bridge from here by building a 2 story home to capitalize on those water views! It's a really beautiful and peaceful view. Quick and convenient to shopping on Tyndall Parkway, very short drive to Tyndall and Mexico Beach. Laird

  Dennis Dunnigan Coastal Choice Realty LLC

  1040 Tidewater Ln, Panama City, FL 32404
• 

  

  /9

  $149,900

  $2K PRICE DROP

  • Land
  • 14,810 Sq Ft
  • $440,882 per Acre

  1000 Spirit Sail Ct, Panama City, FL 32404

  Welcome to Laird Point, where waterfront living meets everyday ease. Tucked along a peaceful natural peninsula off the Intracoastal Waterway, this cleared homesite offers the rare opportunity to build your dream home with year-round deep water access right from your backyard. From your future dock, you can cruise straight from the bayou out to the Gulf, making this an ideal spot for boaters,

  Jacob Hutchins CENTURY 21 Commander Realty

  1000 Spirit Sail Ct, Panama City, FL 32404
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  /34

  $169,900

  $19K PRICE DROP

  • 1 Bed
  • 1 Bath
  • 924 Sq Ft

  105 Allen Ave Unit 56, Panama City, FL 32401

  RECENTLY REMODELED with a modern industrial design, this stylish condo is in a prime location in the heart of Panama City - The Cove. Located directly across the street from St. Andrews Bay, this first floor unit features updated finishes throughout, including exposed ductwork, concrete -style accents, stainless steel appliances, quartz countertops and custom cabinetry. There is also a small

  Tammy Milan Salty Marlin Realty LLC

  105 Allen Ave Unit 56, Panama City, FL 32401
• 

  

  /6

  $15,000

  $10K PRICE DROP

  • Land
  • 8,276 Sq Ft
  • $78,947 per Acre

  613 Powell Ave, Panama City, FL 32401

  *OWNER FINANCING AVAILABLE!* Cleared 0.19 acre vacant lot in heart of Springfield. Zoning approved for Modular, Manufactured or Site Built homes. Power, city water and sewer are available.

  Maxim Sedov Keller Williams Success Realty

  613 Powell Ave, Panama City, FL 32401
• 

  

  /17

  $40,000

  • Land
  • 8,712 Sq Ft
  • $200,000 per Acre

  Unlisted Address

  Discover the opportunity to build your dream home on this waterfront residential lot in the peaceful Southport area. Positioned along a creek that flows directly into Deer Point Lake, this property offers a unique setting where nature, recreation, and waterfront living come together. Enjoy the sights and sounds of the water right from your backyard, with easy access to one of Bay County's most

  JAMIE KITZMILLER Think Real Estate

  Unlisted Address
• 

  

  /16

  $165,000

  • Land
  • 1.93 Acres
  • $85,492 per Acre

  259 Arlington Dr, Panama City, FL 32404

  Ready to build 7 lakefront lots.The property corner is already clean and ready to build with 400 ft on Hwy 22.The parcel take 7 lots total.The comps shows around the lake from the $300,000.00 and the $350,000.00

  Jan Carlos Cruz Liqui Realty Blu Inc

  259 Arlington Dr, Panama City, FL 32404
• 

  

  /25

  $154,900

  • 3 Beds
  • 1 Bath
  • 856 Sq Ft

  907 Forestdale Ave, Panama City, FL 32401

  This 3 bedroom 1 full bath home is priced to be sold quickly. Perfect opportunity for a 1st time home buyer, or investment rental property. Charming & centrally located within 15 minutes of Tyndall Air Force Base and less than 30 min from the sugar-white sands of Panama City Beach or Mexico Beach. Home is close to schools, Walmart and restaurants. Home offers a good size kitchen with plenty of

  Marco Cooper Coastal Sun Realty LLC

  907 Forestdale Ave, Panama City, FL 32401
• 

  

  /12

  $145,000

  $5K PRICE DROP

  • Land
  • 8,712 Sq Ft
  • $725,000 per Acre

  2526 Shady Oak Ct, Panama City, FL 32408

  Multifamily allowed! Build your dream coastal retreat or investment property at 2526 Shady Oak Court, a prime vacant lot tucked away in the desirable North Lagoon area of Panama City Beach. Situated on a quiet cul-de-sac, this versatile homesite presents an exceptional opportunity for a custom single-family residence or multifamily development, making it ideal for both homeowners and investors

  Zack Sanchez Think Real Estate

  2526 Shady Oak Ct, Panama City, FL 32408
• 

  

  /5

  $105,000

  • 3 Beds
  • 1 Bath
  • 1,760 Sq Ft

  3014 Selma Ave, Panama City, FL 32405

  Investor special with tremendous potential in a convenient Panama City location. Situated on a generous .293 acre lot this 3 bedroom 1 bath home offers approximately 1760 square feet and is ready for renovation, restoration or redevelopment. Located near schools, shopping, dining and major thoroughfares the property presents an opportunity for investors, builders, or buyers seeking a project.

  Jennifer Drew Corcoran Reverie

  3014 Selma Ave, Panama City, FL 32405
• 

  

  /6

  $159,000

  • 2 Beds
  • 1 Bath
  • 600 Sq Ft

  1565 Chandlee Ave, Panama City, FL 32405

  Seller will pay up to 10,000 towards buyers closing cost or rate buy downs on This home and has a good rental history. Offers living room/dining room, kitchen 2 bedrooms and one full bath on nice size lot. Close to everything as it is centrally located in Panama City. An appraisal was just done, and list price is the appraisal price. Call for your appointment today.

  Roy Furst Central Bay Realty and Property Management LLC

  1565 Chandlee Ave, Panama City, FL 32405
• 

  /2

  $49,000

  • Land
  • 3,484 Sq Ft
  • $612,500 per Acre

  2702 E 9th St, Panama City, FL 32401

  Affordable opportunity to acquire a 0.08-acre vacant lot at 2702 E 9th Street, Panama City, FL 32401. "Zoning: MU 2" This compact parcel is ideal for building a dream spot or holding as a future investment. Located in a quiet neighborhood with convenient access to local amenities, schools, and major roadways, the property offers flexibility and long-term potential. Perfect for builders,

  Samih Sadiq KELLY RIGHT REAL ESTATE

  2702 E 9th St, Panama City, FL 32401
• 

  

  /7

  $55,000

  $15K PRICE DROP

  • Land
  • 4,791 Sq Ft
  • $500,000 per Acre

  7131 Riverbrooke St, Panama City, FL 32404

  One of the final two buildable lots at Barrett's Park, this lot offers a cul-de-sac location overlooking a pond and is near the entry to the neighborhood. With accessibility to Panama City, Lynn Haven, and Tyndall Air Force Base, this blank canvas offers the opportunity to customize your next home or investment.

  Tom Lewis Counts Real Estate Group Inc

  7131 Riverbrooke St, Panama City, FL 32404
• 

  

  /23

  $50,000

  • Land
  • 37,026 Sq Ft
  • $58,824 per Acre

  809 Vista Del Sol Ln, Panama City, FL 32404

  Looking for a large lot to build your DREAM HOME, in one of Bay County's most Prestigious, gated, neighborhoods? Laird Bayou is a gated community with a community pool, community, RV/Boat parking, and best of all its very own private boat launch and extra parking. This large lot is primarily located in the X flood zone, making this one of the more desirable building lots in Laird Bayou. It is

  Brook Simmons Keller Williams Success Realty

  809 Vista Del Sol Ln, Panama City, FL 32404
• 

  

  /5

  $129,900

  $70K PRICE DROP

  • Land
  • 13,068 Sq Ft
  • $433,000 per Acre

  2213 Hwy 231, Panama City, FL 32405

  Prime Commercial Property - Welcome to 2213 HWY 231. This property offers an incredible opportunity for your small business, or whatever you choose to place! This property is Zoned C-3A, General Commercial Low, allowing C-1 and C-2 uses as well, providing you the peace of mind to open your horizons of exploring ideas! Everything from Retail, Warehousing, Waste Management, Enterprise, Educational

  Jacob Hutchins CENTURY 21 Commander Realty

  2213 Hwy 231, Panama City, FL 32405
• 

  

  /8

  $86,000

  • Land
  • 23,086 Sq Ft
  • $162,264 per Acre

  135 Everitt Ave, Panama City, FL 32401

  Great opportunity to acquire a 0.53-acre vacant lot at 135 Everitt Avenue, Panama City, FL 32401. "Zoning: MU 1" This spacious parcel offers ample room for building a custom spot, or holding as a long-term investment. Located in a quiet and accessible neighborhood, the property provides convenient access to local amenities, schools, and major roadways. Ideal for builders or investors with strong

  Samih Sadiq KELLY RIGHT REAL ESTATE

  135 Everitt Ave, Panama City, FL 32401
• 

  /2

  $175,000

  • Land
  • 12,632 Sq Ft
  • $603,448 per Acre

  14 W 11th St, Panama City, FL 32401

  Great potential site on heavy traffic and high visibility location! Parcel is high and dry with good evelvation for redevelopment.

  Brian Hinton ERA Neubauer Real Estate, Inc

  14 W 11th St, Panama City, FL 32401
• 

  /2

  $129,000

  $31K PRICE DROP

  • Land
  • 1.5 Acres
  • $86,000 per Acre

  915 Everitt Ave, P C Beach, FL 32401

  Great price reduction, Owner financing available to the right buyer with 25% down. Great property in a fantastic location with endless possibility's. Vacant and easy to show.

  Steven Altman Anchor Realty Florida

  915 Everitt Ave, P C Beach, FL 32401
• 

  

  /22

  $180,000

  • 3 Beds
  • 1 Bath
  • 925 Sq Ft

  2312 E 17th St, Panama City, FL 32405

  This charming Florida bungalow sits on a spacious .4-acre lot and offers endless potential for investors, renovators, or buyers looking to create their dream home. Featuring 3 bedrooms and 1 bathroom, this single-family home has been well maintained over the years and provides a solid foundation for cosmetic updates or a full remodel. The large lot offers room for expansion, outdoor entertaining,

  Aaron Slate Marcus Tyson & Associates

  2312 E 17th St, Panama City, FL 32405

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